Government Archive
1st Time Homebuyer Tax Credit And Fed Mortgage Security Buying Set To End
In my previous post, I wrote about how the government is essentially propping up the housing market with all its programs and stimulus. Well, two of those programs are set to expire shortly.
The $8,000 1st ...
Posted by Greg Feirman · 2 Comments »
Massive Government Intervention Propping Up Housing Market
At least for the next two years, and possibly longer, it is not possible that the government would say: 'The U.S. mortgage market no longer needs our support.' Were they to say that, the mortgage ...
Posted by Greg Feirman · No Comments »
State Governments Under Massive Pressure
Source: "States Shut Down To Save Cash", The Wall Street Journal, September 4, A1
Also see: "The Coming Reset In State Government", Mitch Daniels, Republican Governor of Indiana, The Wall Street Journal, September 4, A17
"Lights Out ...
Posted by Greg Feirman · No Comments »
Front Page NY Times: Paulson In Frequent Contact With Goldman Chief Blankfein During Financial Crisis
August 10, 2009 · Category: Business Culture and Current Events, Government
I want you to know that I had no role whatsoever in any of the Fed’s decision regarding payments to any of A.I.G.’s creditors or counterparties.
- Hank Paulson, testimony before Congress July 2009
But according to ...
Posted by Greg Feirman · No Comments »
Krugman: Big Government Saved Us
So it seems that we aren’t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government.
......
So what saved us from a full replay of the Great Depression? ...
Posted by Greg Feirman · No Comments »
All Eyes On The Treasury Auctions
An auction of 5 year treasury notes on Tuesday and one of 7 year notes today appear to be driving the market. Everybody is focused on the federal deficit, China's appetite for our debt and ...
Posted by Greg Feirman · No Comments »
Standard & Poors Revises UK Debt Outlook To Negative
We have revised the outlook on the U.K. to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approach 100% of GDP and remain near that ...
Posted by Greg Feirman · No Comments »
Pension Benefit Guaranty Corp Deficit Increases By $22.5 billion In 6 Months
May 20, 2009 · Category: Government, Macro Economics
There is actually a federal "corporation" that guarantees private sector pensions. Private sector employees with defined benefit pension plans pay an insurance premium to the PBGC which it invests and uses to pay pensions when ...
Posted by Greg Feirman · No Comments »
Fiscal Armageddon In California
If the ballot measures fail and the recession does continue unabated into 2010, the budget gap could widen again into the $20 billion range. But the governor and legislative leaders may have fired all their political ...
Posted by Greg Feirman · 2 Comments »
Edward Chancellor On The Inflation/Deflation Debate
Inflation expectations might also shift if the markets lose confidence in the state of the public finances. Washington is set to produce a deficit this year of $1,800bn (£1,237bn, €1,325bn). The cost of bailing out ...
Posted by Greg Feirman · No Comments »
